Budget 2022 | Gainers Losers: 5 stocks that moved the most on February 1

Budget 2022 | Gainers Losers: 5 stocks that moved the most on February 1

Among sectors, auto and oil & gas indices ended in the red, while bank, capital goods, FMCG, pharma, IT, realty and metal indices rose 1-5 percent





February 01, 2022 / 04:11 PM IST





The benchmark indices ended on a positive note in a highly volatile session on February 1, as Finance Minister Nirmala Sitharaman presented the Budget for the year 2022-23 Day. Gains in metal, pharma and capital goods stocks saw the Sensex close 848.40 points, or 1.46%, higher at 58,862.57, and the Nifty 237 points, or 1.37%, up at 17,576.80.





ITC | CMP: Rs 227.90 | The stock price jumped over 3 percent as taxes on cigarette and other tobacco products were left untouched by Finance Minister Nirmala Sitharaman in her Budget for the year 2022-23. As cigarette or tobacco business contributes more than 40 percent to the company’s revenue, the street always turns cautious on the scrip in the run-up to the Budget amid fear of an increased tax. Sitharaman, however, didn’t make any changes to the taxes, which experts said was positive for ITC.





Sun Pharma | CMP: Rs 891.90 | The scrip spiked close to 7